The Objective of Creating a Permit Trading System for SO₂

question 43

Multiple Choice

The objective of creating a permit trading system for SO₂ (sulfur dioxide) is to

• A) employ environmental protection agency (EPA) workers.
• B) create a market in which one did not previously exist.
• C) make annual company tax reporting more difficult.
• D) increase the incidence of acid rain.

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Definitions:

Total Revenue

The total amount of money received by a company from sales of its products or services before any expenses are subtracted.

Inelastic

Describes a situation where the demand or supply of a good or service is relatively unresponsive to changes in price.

Total Revenue

The total amount of money generated by selling goods or services before any expenses are subtracted.

Opposite Directions

A term potentially used to describe actions or movements that are completely contrary to each other in orientation or aim.